Define Ledgers For General Ledger Accounting: New GL Configuration (Sap Fico)

NEW GL CONFIGURATION (SAP FICO)
Define Ledgers for General Ledger Accounting:

You define the ledgers that you use in General Ledger Accounting. The
ledgers are based on a totals table. SAP recommends using the delivered
standard totals table FAGLFLEXT.
The following types of ledgers are available:
Leading Ledger
The leading ledger is based on the same accounting principle as that of the
consolidated financial statement. It is integrated with all subsidiary ledgers
and is updated in all company codes. You must designate one ledger as the
leading ledger.
In each company code, the leading ledger automatically receives the settings
that apply to that company code: the currencies, the fiscal year variant, and
the variant of the posting periods.
In our scenario the group reporting is handled by the Leading Ledger.
Non-Leading Ledger
The non-leading ledgers are parallel ledgers to the leading ledger. They can
be based for example on local accounting principles
You must activate a non-leading ledger by company code.
For each ledger th at you create, a ledger group of the same name is
automatically created.
In our scenario the local reporting is handled by the

Non- leading
IMG > Financial Accounting (New) > Financial Accounting Global Settings
(New) > Ledgers > Ledger > Define Ledgers for General Ledger
Accounting
0L is the Leading Ledger.

Click on
Update the following:-
SAVE (ctrl+s)
IMG >FINANCIAL ACCOUNTING (NEW) > LEDGERS >FIELDS >LEDGER
>DEFINE LEDGER FOR GENRAL LEDGER ACCOUNTING ------ ENTER
"LEDGER GROUPY2 IS CREATED ONLY WITH LEDGER Y2" MESSAGE WILL
COME -- ENTER
Define Currencies of Leading Ledger
(New) > Ledgers > Ledger Define Currencies of Leading Ledger
Here you specify the currencies to be applied in the leading ledger. You can
make the following settings for each company code
Click on " NEW ENTRY"

Update the following:-
ENTER
NOW SAVE (ctrl+s)

Define and Activate Non-Leading Ledgers
(New) > Ledgers > Ledger > Define and Activate Non-Leading Ledgers
Here you make the following settings for the non-leading ledgers for EACH
COMPANY CODE :
You activate the non-leading ledgers in the company code.
You can define additional currencies beyond that of the leading ledger.
The first currency of a non-leading ledger is always the currency of the
leading ledger (and hence that of the company code). For the second
and third currencies of a non-leading ledger, you can only use currency
types that you have specified for the leading ledger.
You can define a fiscal year variant that differs from that of the leading
ledger. If you do not enter a fiscal year variant, the fiscal year variant of
the company code is used automatically.
You can specify a variant of the posting periods.
THEN CLICK ON NEW ENTRY

CLICK ON SAVE
GO TO BACK (F3)
CLICK ON NEW ENTRY

UPDATE THE FOLLOWING :-
TAKE A DROP DOWN IN THE FIELD FV (FISCAL YEAR VARIANT )
You can even assign a different posting period variant to this ledger
NOW SAVE
Assign Scenarios and Customer Fields to Ledgers

(New) > Ledgers > Ledger > Assign Scenarios and Customer Fields to Ledgers
In this IMG activity, you assign the following to your ledgers:
Scenarios
This determines what fields in a ledger are updated when it receives posting
from other application components.
Custom Fields
You can add custom fields (that you have alread y defined) to the ledger.
Versions
This enables you to make general version settings for the ledger that depend
on the fiscal year. In the versions, you specify whether actual data is
recorded, whether manual planning is allowed, and whether planning
integration with Controlling is activated.
SELECT LEDGER OL > SCENARIOS THEN CLICK COUSTOMER FIELDS >
CLICK VERSIONS > CLICK NEW ENTRY
> CLICK ON SAVE OR SAVE UR DATA
THEN GO BACK (F3)
SAVE THEN GO BACK (F3) > Select
CLICK SCENARIOS > CLICK NEW ENTRY THEN UPDATE FOLLOWING :-
> SAVE YOUR SETTINGS.
To assign Profit center update you need to have profit center module active.
CLICK THEN SELECT , CLICK SECARIOS
CLICK ON NEW ENTRY AND UPDATE THE FOLLOWING :-
NOW SAVE YOUR SETTINGS
Define Ledger Group
IMG > Financil Accounting (New) > Financial Accounting Global Settings
(New) > Ledgers > Ledger > Define Ledger Group
Here you define ledger groups. A ledger group is a combination of ledgers for
the purpose of applying the functions and processes of general ledger
accounting to the group as a whole.
When posting, for example, you can restrict the update of individual postings
to a ledger group so that the system only posts to the ledgers in that group.
You can combine any number of ledgers in a ledger group. In this way, you
simplify the tasks in the individual functions of General Ledger Accounting.
When a ledger is created, the system automatically generates a ledger group
with the same name. In this way, you can also post data to an individual
ledger or access it when using functions where you can only enter a ledger
group and not ledgers.
You can change the name of the ledger group that was taken from the ledger.
You only have to create those ledger groups in which you want to combine
several ledgers for joint processing in a function.
You do not need to create a ledger group for all ledgers because the
system automatically posts to all ledgers when you do not enter a ledger
group in a function.
Representative Ledger of a Ledger Group

The system uses the representative ledger of a ledger group to determine the
posting period and to check whether the posting period is open. If the posting
period for the representative ledger is open, the system posts in all ledgers of
the group, even if the posting period of the non-representative ledgers is
closed. Each ledger group must have exactly one representative ledger:
If the ledger group has a leading ledger, the leading ledger must always be
identified as the representative ledger.
If the ledger group does not have a leading ledger, you must designate one of
the ledgers as the representative ledger. If the ledger group has only one
ledger, this ledger is then the representative ledger. If the ledger group has
more than one ledger, the system checks during posting whether the
representative ledger was selected correctly. This check is based on the fiscal
year variant of the company code:
We do not want to group the ledgers, therefore we do not do any configuration
here.
THEN SELECT "OL" LEDGER GRP THEN DOUBLE CLICK ON LEDGER
ASSIGNMENT
SELECT Y1 THEN DOUBLE CLICK ON LEDGER ASSIGNMENT
SIMILARLY YOU CAN CHECK Y2
Activate New General Ledger Accounting

IMG > Financial Accounting > Financial Accounting Global Settings >
Activate New General Ledger Accounting (FAGL_ACTIVATION)
By activating New General Ledger Accounting, you achieve the following:
1) The functions for new General Ledger Accounting become available.
2) In the SAP Reference IMG, the previous Financial Accounting menu is
replaced by the Financial Accounting (New) menu. Under Financial
Accounting Global Settings (New) and General Ledger (New), you can
make the settings for New General Ledger Accounting.
3) You activate the tables of new General Ledger Accounting so that your
posting data is written to them.
If you already use classic General Ledger Accounting in your production
system, you need to perform the migration of this data before you activate.

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NEW GL CONFIGURATION (SAP FICO)

Define Ledgers for General Ledger Accounting:

In our scenario the local reporting is handled by the

0L is the Leading Ledger.

Define Currencies of Leading Ledger

Click on " NEW ENTRY"

NOW SAVE (ctrl+s)

THEN CLICK ON NEW ENTRY

CLICK ON NEW ENTRY

Assign Scenarios and Customer Fields to Ledgers

Representative Ledger of a Ledger Group

SELECT Y1 THEN DOUBLE CLICK ON LEDGER ASSIGNMENT

SIMILARLY YOU CAN CHECK Y2

Activate New General Ledger Accounting

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